Geopolitical Risk and Ukraine Worries Shake Equities, Cryptocurrencies — Gold...
On Wednesday, global markets have been volatile as Ukraine officials declared a state of emergency amid fears of a Russian invasion. Wall Street’s top indexes shuddered during the day’s trading sessions, and cryptocurrency markets slipped more than 4% during the 24 hour period. On the other hand, the price of gold has jumped 1.47% during the last four days, surging to $1,925 per ounce. Global Investors Are Concerned About the relations Between Russia and Ukraine, Wall Street Continues to See Sell-Offs While the globe grows tense over the ongoing issues between Russia and....
Related News
With the recent increase of volatility in both stocks and cryptocurrencies, many investors are turning towards more stable assets such as gold. Cryptocurrencies showed no signs of slowing down as the week progressed with geopolitical tension, with Bitcoin briefly dipping below $40,000 for the first time in two weeks. Ether declined 5%, Dogecoin 4.5%, and Shiba Inc 6.5%. Related Reading | Bitcoin On The Way To $38,000 Amid Global Uncertainty In the past, China and American regulations influenced the Bitcoin price. However, it appears that this time around, investors are ditching....
Bitcoin leads the way as investors seek adaptable hedging alternatives in the search for the new digital gold. Gold has served as a store of value for thousands of years. Due to this, investors have widely used it as a hedging tool against the effects of recessions and inflation often caused by geopolitical tensions. In light of recent events such as the COVID-19 pandemic and, more recently, the military crisis between Russia and Ukraine, many investors have sought alternatives to gold and other precious metals as hedging options. As we approach a digitized age, it is a prerequisite that....
The competition between gold and bitcoin as the better inflation hedge continues to wax on. It has become even more prominent in light of the recent invasion of Ukraine by Russia which saw citizens of both countries race towards various assets to protect their wealth in these uncertain times. In all of this, some assets […]
Gold outperforms "digital gold" in the wake of geopolitical strife, analysts note, with XAU/USD passing $1,900. Bitcoin (BTC) fell to fresh lows on Feb. 22 as the aftermath of Russia's expected incursion into Ukraine triggered more market woes.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewGold comes to the rescue as Bitcoin waversData from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $36,400 on Bitstamp overnight Tuesday, its lowest since Feb. 3.Volatility had been high as Russian president Vladimir Putin delivered a speech lasting almost an hour on the....
Bitcoin, along with the majority of the crypto market, hasn’t always been friends with the month of September. Bitcoin records MTD performance rate of 0.83% Gold struggles along with equities such as SPX and NDQ Gold’s total market value currently stands at $75.086 trillion Historically, September is considered to be a bad one for cryptocurrencies […]